US Fed leaves interest rates unchanged despite high inflation
Three officials dissent as the Federal Reserve decides to keep interest rates steady at 3.6 percent.
Tanzania upgrades vital highway to boost regional trade
The Lusahunga to Rusumo road upgrade will drastically slash transit times for local traders.
Sudan’s war collapses economy, forcing companies to close
Sudan’s economy faces deepening crisis as companies close, liquidity disappears and war expands the shadow economy.
China’s new Kimi K3 AI model surprises Silicon Valley rivals
China’s open source Kimi K3 AI model challenges US titans OpenAI and Anthropic at a lower cost.
Huawei and Ethio telecom boost cloud tech and digital tools
Local software engineers will receive training to build custom digital solutions for East Africa.
Africa’s top diamond firm halts South Africa’s largest mine
Multiple global investor groups are preparing competitive bids to acquire the iconic diamond miner.
Africa’s 10 best-performing anti-corruption nations
Africa’s decade-long battle against institutional corruption shows a tentative recovery driven by private sector transparency.
Tanzanian titan Dewji challenges China in graphite race
Tanzanian billionaire Mohammed Dewji is investing $275 million into graphite mining to supply the electric vehicle market and challenge China.
Zimbabwe receives its first US-made MD-530F helicopter
Low operating costs and agility make the MD-530F aircraft ideal for Zimbabwe conservation.
Angola sells Unitel stake for $320 million in historic IPO
Angola launched a $320M public share sale for 15% of Unitel to boost local financial markets and reduce its reliance on oil.
Africa’s largest refinery explains why petrol prices remain high
Refinery said fuel prices reflect earlier crude purchases and cheaper imports may gradually reduce domestic petrol prices in coming months.
Belgium opens $24T DRC mining files amid US-China race
Belgium is digitising colonial mining records for Congo after rejecting exclusive access requested by a private mining company.
New capital drives Spiro expansion into Africa
Dubai-based EV firm Spiro closes a major funding round to accelerate green mobility across Africa.
Sudan’s crude oil and gold prices spiral out of control
Sudan’s currency reached a record low against the dollar, pushing local gold prices higher and increasing concerns over economic stability.
Ethiopia rolls out the first integrated digital state platform in Africa
Prime Minister Abiy Ahmed has launched Ethiopia’s and Africa’s first integrated digital government platform.
World Bank approves $45 million for Djibouti-Addis corridor
Funding expansion strengthens Djibouti Addis Southern Corridor with road upgrades safety improvements and trade efficiency systems.
Sudan’s currency crisis deepens as pound passes 5,000 per dollar
Sudanese pound slides past 5,000 per dollar in parallel market
Nigeria’s oil imports surge to billions amid massive refinery boom
Central Bank data reveals a massive three hundred percent increase in crude oil imports.
Zambia realigns US grant to fund critical mineral routes
Zambia plans to upgrade critical road segments in its mining hubs using a shifted US grant.
Algeria buys 600K tonnes of wheat as tender prices hold steady
Algeria’s state grains agency purchased around 600,000 metric tonnes of milling wheat at 259 to 260 dollars a tonne.
Sudan’s currency market fractures as Nyala rate beats Khartoum
Sudan’s exchange rate breaks into competing wartime markets
Sudan bread price jumps 40% as four pieces now cost 1,400 pounds
Bread prices surge again as Sudan’s cost-of-living crisis deepens
Dollar passes 6,000 pounds as Sudan prices spiral
Sudan’s currency collapse is pushing basic goods beyond reach as traders hold back dollars
Apple outsources its new iPhone AI infrastructure to rival Google
Chief Executive Officer Tim Cook reflects emotionally on his tenure during his final summer showcase.